FINANCE AND RELATED

DISCIPLINES
The study of role of finance in the organization is with
reference to financial management. The financial
management is the course which has drawn major focus
points from the many more disciplines. To study them,
the inter relationship in between the financial
management and other related disciplines.
The following are the related disciplines viz., Finance
and Economics, Finance and Accounting, Finance and
Marketing, Finance and production, Finance and
Quantitative Methods
Finance and Economics
The relationship in between these two disciplines are
studied in two different headings viz Micro and Macro
economics
The major part of the financial management is to raise
the financial resource to the requirements. While raising
the financial resources, the availability is subject to the
macroeconomic influences.
Banking system, Money and capital markets, Financial
intermediaries, Monetary and credit policies
Finance and Accounting
The two are embedded with different disciplines. The
finance is the discipline which is mainly based on the
cash basis of operations but the accounting is totally
governed by the accrual system.
Accounting is mainly vested with the collection and
presentation of data, but the finance is closely
connected with the decision making of the organization.
Till this moment, the differences are discussed only to
know the role of finance over the accounting of any
organization. The following is the major relationship
which lies in between the finance and accounting as
follows "Finance begins where accounting ends"
Finance and Marketing
These two are disciplines are interrelated to plan for
introduction of new product. The major reason is that
the introduction of new product normally warrants huge
sum of money for research and development; which
needs immense planning and execution to succeed over
the other competitors
Finance and Production
The changes in the production policy of the organization
will impact the capital expenditures. The fixed assets of
the organization should be effectively utilized which
neither over capitalization nor under capitalization
Finance and Quantitative methods
These are inter-related to solve complex problems in
order to take decisions.